Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#加密市场回调 Tonight, the US stock market exhibited a divided performance.



The Nasdaq soared, driving the technology sector collectively higher: Nvidia rose nearly 2% in pre-market trading, while Tesla followed with a 1.23% increase. The most notable was Google, which surged 4% to set a new historical record—Gemini 3 Pro, the large model, topped the global rankings, again validating its technological strength. However, Chinese concept stocks showed weak performance, indicating a clear market divergence.

On the gold side, the strong breakthrough continues. The spot gold price has risen by more than 1%, firmly holding above the 4100 USD mark. The unexpected improvement in the U.S. trade deficit data for August, recording only 59.6 billion USD, with a slight increase in exports and a significant decrease in imports, has provided additional support for precious metals.

The market is currently waiting for two things.

First, Nvidia's after-hours earnings report. Wall Street expects its net profit and revenue to both grow by more than 50%, and this report may directly determine the extent of the upcoming adjustments in tech stocks. If the performance exceeds expectations, the pullback may be limited; if it falls short of expectations, selling pressure may be hard to avoid.

Secondly, the Federal Reserve's meeting minutes at 3 a.m., along with the September non-farm payroll and GDP supplementary data, will be released together. This information will influence the direction of the interest rate cut expectations for December. The issue is that there is a clear data gap currently, and there are also internal disagreements within the Federal Reserve regarding the policy path, leaving the suspense around interest rate cuts still significant.

On the other hand, Trump made another big move. When meeting with the Saudi crown prince, he bluntly criticized Federal Reserve Chairman Powell, saying he has "been making mistakes all along and his performance has been terrible," and expressed a desire to "get him out immediately." It is said that new chairman candidates are already in the interview stage. It seems that this "sniper war" against Powell is far from over.

The market variables are stacking up, and tonight is destined to be turbulent.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AlwaysMissingTopsvip
· 11-20 06:03
Whether NVIDIA's earnings report can withstand the 50% rise expectation is the key; otherwise, tech stocks will plummet tonight.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)